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Lost Use-Value from Environmental Injury When Visitation Drops at Undamaged Sites

Author

Listed:
  • Garrett Glasgow
  • Kenneth Train

Abstract

We describe welfare calculations when an environmental injury reduces trips to undamaged sites as well as those that were damaged. The welfare loss is (1) underestimated when standard welfare formulas are applied only to damaged sites but (2) overestimated when these formulas are applied to all sites with lost trips. We provide a formula that appropriately accounts for the lost trips to undamaged sites. Differences among the procedures are illustrated through hypothetical scenarios that differ in lost trips to undamaged sites. We apply the method under linear demand to aggregate estimates of shoreline-use losses from the Deepwater Horizon oil spill.

Suggested Citation

  • Garrett Glasgow & Kenneth Train, 2018. "Lost Use-Value from Environmental Injury When Visitation Drops at Undamaged Sites," Land Economics, University of Wisconsin Press, vol. 94(1), pages 87-96.
    • Handle: RePEc:uwp:landec:v:94:y:2018:i:1:p:87-96
    Note: DOI: 10.3368/le.94.1.87
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    Citations

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    Cited by:

    1. English, Eric & von Haefen, Roger H. & Herriges, Joseph & Leggett, Christopher & Lupi, Frank & McConnell, Kenneth & Welsh, Michael & Domanski, Adam & Meade, Norman, 2018. "Estimating the value of lost recreation days from the Deepwater Horizon oil spill," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 26-45.
    2. Lindley, Sarah & Albeke, Shannon & Viers, Joshua & Parsons, George & Johnston, Robert & Newbold, Stephen C., 2022. "Valuing Satellite Data for Harmful Algal Bloom Early Warning Systems," RFF Working Paper Series 22-23, Resources for the Future.
    3. Xie, Lusi & Adamowicz, Wiktor & Lloyd-Smith, Patrick, 2023. "Spatial and temporal responses to incentives: An application to wildlife disease management," Journal of Environmental Economics and Management, Elsevier, vol. 117(C).

    More about this item

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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